Timken Awards Scholarships To 17 Children of Employees Around the World
Live Global Webcast Hosted at World Headquarters Recognizes Scholars and Their Parents
Live Global Webcast Hosted at World Headquarters Recognizes Scholars and Their Parents
NORTH CANTON, Ohio, Feb. 18, 2016 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) today awarded college scholarships to 17 sons and daughters of Timken associates in 12 locations around the world. Valued at up to $540,000 over four years, these scholarships are funded by The Timken Company Charitable and Educational Fund, Inc. The program has awarded more than $22 million in scholarships since its founding in 1958.
Chairman John M. Timken, Jr. hosted a recognition event at Timken World Headquarters in North Canton, Ohio, for students and their parents. Local scholarship finalists attended the event in person, while other finalists and their parents joined a global webcast. "Each of these scholars has achieved significant academic success, participated in school and community activities, and demonstrated leadership ability," said Timken. "The Timken Scholarship program enables these accomplished young people to explore new opportunities and gain the knowledge they need to make a powerful and positive difference in the world."
The $35,000 Henry Timken Scholar Award recognizes the top-ranked applicant and is renewable for up to three additional years for a total of $140,000. This year's Henry Timken Scholar is Sidney Long, the daughter of Michael Long, a machine operator in cone manufacturing at the Bucyrus Bearing Plant in Ohio. Sidney, a senior at Buckeye Central High School in New Washington, Ohio, plans to study pre-veterinary medicine at The Ohio State University.
The $25,000 Jack Timken Scholar Award was presented to Simona, the daughter of Ram Narayan Prasad, lead production operator technician in the company's bearing plant in Jamshedpur, India. The award is renewable for up to three additional years for a total of $100,000. After graduating from Loyola School in Jamshedpur, India, Simona plans to study design and architecture at the Indian Institute of Technology Bombay in Mumbai.
Five students received $10,000 scholarships, renewable for up to three additional years, for a total value of $40,000 each.
In addition, 10 individuals received $10,000 scholarships:
For more information about the 2016 scholarship winners, including images from the ceremony, visit www.timken.com/scholarship.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company's growing product and services portfolio features many strong industrial brands including Timken®, Fafnir®, Philadelphia Gear®, Carlisle®, Drives® and InterlubeTM. Known for its quality products and collaborative technical sales model, Timken posted $2.9 billion in sales in 2015. With more than 14,000 employees operating from 29 countries, Timken makes the world more productive and keeps industry in motion.
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SOURCE The Timken Company
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